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Euro Manganese Converts $23.5M Loan to Royalty to Boost Chvaletice Project Flexibility

8:22am on Friday 10th of July, 2026 AEST Mining
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Euro Manganese Converts $23.5M Loan to Royalty to Boost Chvaletice Project Flexibility

8:22am on Friday 10th of July, 2026 AEST
Key Points
  • Outstanding loan converts automatically to 2.29-2.46% royalty
  • Second loan tranche cancelled, reducing debt burden
  • Removal of time-based milestones grants development flexibility
  • Royalty calculated quarterly linked to manganese prices
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